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Sunset Acres reported net income of $68.0 million. Included in that number were trademark amortization expense of $3.2 million and a gain on the sale
Sunset Acres reported net income of $68.0 million. Included in that number were trademark amortization expense of $3.2 million and a gain on the sale of land of $2.2 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.1 million, $2.0 million, and $4.1 million, respectively. |
What were Sunsets cash flows from operating activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) |
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